L2s are proving the model works. When blobs went live in March, everyone had one question: If transactions become cheap, how will chains stay profitable? Today, the data from @growthepie_xyz says they do. Since April, both transaction counts and onchain profits have been climbing. Cheaper txs didn’t kill margins, they increased activity. Transaction count: In April L2s were doing 568M tx Today, 822M Onchain profit: April: $5.6M October: 16.2M App Revenue: April: $760M October: $1.3B That lead to: -> More users, more apps, more use-cases. -> More bridging from L1 → L2 = more liquidity and more fee capture. ->L2s have matured past the early build and burn phase. Now we’re seeing real usage -> real revenue -> sustainable ecosystems. The onchain economy finally has a working business model.